WileyonMedia

Tag Archives: Foreign Ownership

FCC Grants First Petition for Declaratory Ruling Allowing 100% Foreign Ownership of Broadcast Station Licensees

Posted in Broadcast Regulation, Foreign Ownership, Transactions
The Media Bureau of the Federal Communications Commission (FCC) has released the first-ever decision permitting foreign citizens to own 100% of broadcast station licensees. In the declaratory ruling, the FCC authorized two Australian citizens each to own 50% of Frontier Media, LLC, the parent company of broadcast licensees owning seven AM radio stations, eight FM radio… Continue Reading

FCC Meeting Update: Foreign Investment Rules and Independent Programming Proposal, But No Set Top Box Rules

Posted in Broadcast Regulation, MVPD Regulation
At its September 29, 2016 open meeting, the FCC adopted rules to make it easier for broadcasters to seek approval for foreign ownership, reformed the methodology for publicly traded broadcasters and common carriers to assess compliance with the statutory foreign ownership limits, and proposed rules it believes will strengthen the position of independent programmers in negotiations with… Continue Reading

Deadlines Announced for Broadcast Foreign Ownership Rulemaking Comments

Posted in Broadcast Attribution, Broadcast Regulation, Foreign Ownership, Transactions
In a post last week, we told you that the Federal Communications Commission had issued a Notice of Proposed Rulemaking (“NPRM”) proposing to streamline the process for broadcast companies to obtain Commission consent to exceed the 25% benchmark for foreign investment in their parent companies.  Today, the NPRM was published in the Federal Register, and… Continue Reading

FCC Proposes to Streamline Foreign Ownership Approval Process for Broadcasters, Creating Potential for New Investment Opportunities

Posted in Broadcast Attribution, Broadcast Regulation, Foreign Ownership, Transactions
On October 22, 2015, the Federal Communications Commission (“FCC” or “Commission”) issued a Notice of Proposed Rulemaking (“NPRM”) proposing to simplify the process for broadcast companies to obtain Commission consent to exceed the 25% benchmark set by Section 310(b)(4) of the Communications Act for foreign investment in their parent companies.  The NPRM also seeks comment… Continue Reading

FCC Grants Pandora Relief from the Communications Act’s 25% Foreign Ownership Limit, Signals Intent to Consider Revising Broadcast Foreign Ownership Compliance Mechanisms in the Future and Provides Limited Guidance Regarding Compliance in the Meantime

Posted in Broadcast Regulation, Foreign Ownership, Transactions
As we predicted last week, the Federal Communications Commission (FCC or Commission) has acted on the request by Internet streaming music provider Pandora for permission to exceed the 25% benchmark for foreign investment in broadcast licensee parent companies imposed by Section 310(b)(4) of the Communications Act. In the Pandora Ruling, the FCC authorized foreign investors… Continue Reading

FCC Could Decide Soon Whether Pandora Can Exceed Foreign Ownership Limit

Posted in Broadcast Regulation, Foreign Ownership
The Federal Communications Commission (FCC) is poised to decide whether Internet streaming music provider Pandora can exceed the Commission’s foreign ownership limit in its acquisition of a South Dakota radio station.  As we previously wrote, in June 2014, Pandora filed a Petition for Declaratory Ruling requesting authority to exceed the 25% benchmark for foreign investment… Continue Reading

FCC Seeks Comment on Pandora’s Petition for Relief from the Communications Act’s 25% Foreign Ownership Benchmark

Posted in Broadcast Regulation, Foreign Ownership, Music Licensing
In the latest chapter of the attempt by Internet streaming music provider Pandora to acquire a South Dakota radio station, the Federal Communications Commission (FCC) has asked for comments on the petition for declaratory ruling that Pandora filed in late June.  The petition, as we explained previously, is the first one filed by an entity… Continue Reading

Pandora Requests FCC Permission to Exceed 25% Foreign Ownership Benchmark Under Section 310(b)(4), Providing First Test of FCC’s Case-by-Case Approach to Broadcast Foreign Investment

Posted in Broadcast Regulation, Foreign Ownership, Music Licensing
Just over a year ago, Internet streaming music provider Pandora filed an application seeking FCC consent to acquire a South Dakota radio station, KXMZ(FM).  As we explained at the time, Pandora was motivated in part by a desire to qualify for lower royalties for public performances of musical works in the repertories of the American… Continue Reading